Entergy Corporation (NYSE:ETR) Shares Acquired by Czech National Bank

Czech National Bank lifted its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 5.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,492 shares of the utilities provider's stock after purchasing an additional 5,516 shares during the period. Czech National Bank's holdings in Entergy were worth $8,420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBT Bank N A NY grew its holdings in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the last quarter. Fortis Group Advisors LLC grew its stake in shares of Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in shares of Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Sandy Spring Bank raised its stake in shares of Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Finally, Glen Eagle Advisors LLC lifted its holdings in shares of Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after purchasing an additional 180 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ETR has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. BMO Capital Markets boosted their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Evercore ISI raised their price target on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, UBS Group upped their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.04.

Entergy Trading Down 0.3%

Shares of NYSE:ETR traded down $0.26 during trading on Thursday, reaching $81.63. The stock had a trading volume of 1,735,082 shares, compared to its average volume of 3,627,367. The stock has a market cap of $35.16 billion, a P/E ratio of 33.52, a PEG ratio of 2.34 and a beta of 0.62. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The business has a fifty day moving average price of $82.69 and a 200-day moving average price of $80.88.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the company earned $0.54 EPS. As a group, analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.94%. Entergy's dividend payout ratio (DPR) is presently 77.92%.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.